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- GalaxyOne president Zach Prince said he’s “not particularly excited” about prediction markets when it comes to enabling clients to build long-term wealth.
- The executive highlighted the recent support of Solana’s retail investment platform and associated lending products in the company’s pipeline.
- Staking has enabled competitors like Coinbase to diversify revenues, while others like Robinhood have embraced prediction markets as growth engines.
For Galaxy’s retail investing platform, enabling customers to bet on news is not a priority, according to Zach Prince, president of GalaxyOne. But the service that For the first time It will be built in October in a way that aims to reward investors’ patience, he said Decryption.
In the context of Galaxy’s broader business, Prince said the financial services and investment management company is already well-positioned in terms of prediction markets, providing institutional clients with insider trading and risk management.
When it comes to the consumers GalaxyOne is designed for, who have investable assets between $100,000 and $1 million, he described prediction markets as tools that may not be compatible with many wealthy consumers for building long-term wealth.
“For individual consumers, I’m not particularly excited about it compared to other things we have on our roadmap,” he said. “I couldn’t find a use case for someone who is building a diversified portfolio — one that would be dedicated to it over the long term — for prediction markets.”
In some ways, feelings reverberation Comment from Charles Schwab President and CEO Rick Worster, who indicated this week that America’s largest discount brokerage would limit access to predictive markets to bets focused on financial events if it enters that area.
Prince argued that there are two ways to succeed as a consumer-facing financial services offering: cater to investors who want time in the market to be the driving force, such as Vanguard or Betterment, or seek out clients who consider themselves active traders.
Retail brokerages like Robinhood have embraced prediction markets by working with Kalshi, providing what analysts describe as… Sports-fueled tailwinds. However, Prince noted that GalaxyOne is not trying to develop a platform “where you want people to log in every day.”
GalaxyOne has started supporting Solana Staking Last month, individuals were enabled to earn rewards by locking tokens and participating in the network’s transaction validation process. In the not too distant future, the prince said that GalaxyOne plans to support Ethereum Staking.
Until the end of this year, the company has waived commissions on Solana rewards received by clients. The lending services that GalaxyOne plans to offer in the future will allow investors to borrow against Solana and Ethereum shares while still receiving rewards.
“We’re really excited about this product,” Prince added.
Staking has enabled competitors like Coinbase to do this Diversify revenues Avoid relying on trading fees, which tend to fluctuate along with market conditions. The cryptocurrency exchange revealed in February that it generated $677 million in staking in 2025, down 4% year-over-year, citing a decline in average cryptocurrency prices in 2025. Shareholders’ letter.
GalaxyOne customers are currently showing a preference for 8% cash returns underpinned by the platform’s “premium yield” product, Prince said, describing the offer as among the most premium the company has debuted to date.
Galaxy announced this week that its retail investment platform is about to start accepting US companies and entities as clients. Prince noted that the move provides a one-stop-shop for these clients to manage their bank, brokerage and cryptocurrency accounts.
“I think commercial accounts will get some attention because they are relatively unique,” Prince said. “For individuals, there are other platforms that have that.”
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